Submitted By: Cindy Krepps
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Presentation By: Tammi Haslam
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Department: Budget
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FORMAL TITLE (Motion Ready):
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Resolution 2026-158 to adopt the tentative Fiscal Year 2026-27 millage rates for the Downtown Development Districts at the current rates of 1.7185 (District A), 1.6332 (District B), and 1.4699 (District C)
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OCALA’S RELEVANT STRATEGIC GOALS:
Fiscally Sustainable
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PROOF OF PUBLICATION:
N/A
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BACKGROUND:
The budget was presented to the City Council during an August 11, 2026, workshop. The attached resolution reflects the Fiscal Year 2026-27 millage rates for the Downtown Development Districts. Property tax revenue is used specifically to promote and enhance the downtown area. Highlights of the tentative budget follow:
The Downtown Development fund budget totals $856,159.
Anticipated Ad Valorem tax revenue for the three districts totals $164,643.
The budget is balanced with the following millage rate for each district:
o District A - 1.7185 mills
o District B - 1.6332 mills
o District C - 1.4699 mills
FINDINGS AND CONCLUSIONS:
Per Florida Statutes, Section 200.065, the City Council must hold a public hearing to adopt the tentative millage and budget for the Downtown Development fund of the City of Ocala. The Council, Mayor, City Manager, and all departments have participated in the budget process.
FISCAL IMPACT:
The proposed Fiscal Year 2026-27 budget for the Downtown Development fund, to be tentatively adopted on September 9, 2026, totals $856,159.
PROCUREMENT REVIEW:
N/A
LEGAL REVIEW:
N/A
ALTERNATIVE:
Provide alternative direction
RESOLUTION 2026-158
A RESOLUTION OF THE CITY OF OCALA ADOPTING THE TENTATIVE LEVYING OF AD VALOREM TAXES FOR THE DOWNTOWN DISTRICTS A, B, AND C FOR FISCAL YEAR 2026-27
WHEREAS, the City of Ocala, Florida, on September 9, 2026, adopted fiscal year tentative millage rates for the Downtown Districts A, B, and C following a public hearing as required by Florida Statute 200....
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